what Is Management accounting

Management accounting combines accounting, finance and management with the leading edge techniques needed to drive successful businesses.

Chartered management accountants:

  • Advise managers about the financial implications of projects
  • Explain the financial consequences of business decisions
  • Formulate business strategy
  • Monitor spending and financial control
  • Conduct internal business audits
  • Explain the impact of the competitive landscape
  • Bring a high level of professionalism and integrity to businesses.

The management accounting skill set explained:

Our members are qualified to work across an organization, not just in finance. In addition to strong accounting fundamentals,
CIMA teaches strategic business and management skills:

  • Analysis – they analyze information and use it to make business decisions
  • Strategy – they formulate business strategy to create wealth and shareholder value
  • Risk – they identify and manage risk
  • Planning – they apply accounting techniques to plan and budget
  • Communication – they determine what information management needs and explain the numbers to non-financial managers.

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